The OSCE’s practical contribution to combat money laundering and financing of terrorism, and defining a strategic way forward in this area are the focus of a meeting between representatives from 56 countries which started in Vienna today.
During the two-days, officials, investigative journalists, civil society, international organizations and private sector experts will discuss prevention and suppression mechanisms, co-operation between agencies and international information exchange, as well as the engagement of the public and business sector, including private financial institutions in countering money laundering and the financing of terrorism.
Brian Hayes, Minister of State at the Department of Finance of Ireland, the OSCE Chairmanship 2012, in his opening remarks stressed that good governance is a priority of this year’s work in the OSCE economic and environmental dimension. “Good governance at all levels contributes to prosperity, stability and security,” he said, adding that the corruption, money laundering and terrorist financing “flourish where governance is weak and ineffective”.
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